Cleveland Rowing Foundation

Analysis

Cleveland Rowing Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleveland Rowing Foundation reported income of $429k and spending of $391k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $430k to $429k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleveland Rowing Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Bethel Area Housing Inc ($429k), The Salina Education Foundation ($429k) and National Church Residences of ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 79% of the total. Other salaries and wages came to $145k. At year end it held assets of $3.1m against liabilities of $732k, net assets of $2.3m. It reported 3 employees.